News

iStock-824132644-Copy

Save Tax – Plan for Your Pension

For most taxpayers, the maximum pension contribution is £40,000 each tax year, although this depends on earnings. Click here to check if you are caught by the Tapered Pensions Tax. This limit covers contributions by both the individual and their employer.

Unused pension contribution allowance can be carried forward for 3 years and used as a relief for the current year. If the relief is not carried forward within three years it will lapse.

Hence the unused pension allowance for 2015/16 will lapse on 5 April 2019 if unused.

If you would like assistance calculating your unused pension allowance please contact us on 01295 477 250 alternatively you can email hello@progresswithassureuk.com.

RELATED POST

Venues required by law to record contact details

Venues required by law to record contact details Recording Contact Details The Governments’ new requirements for businesses mean that premises…

Read More >>

Assure UK Celebrates Success at the Cherwell Business Awards

Assure UK Celebrates Success at the Cherwell Business Awards Progress with Assure UK’s sister company; Assure UK, Banbury based audit and assurance…

Read More >>

LITE PLAN

BOOKKEEPING

PRO PLAN

FINANCE DIRECTOR